When Parents Are Asked to Choose from a List of Childhood

question 47

Multiple Choice

When parents are asked to choose from a list of childhood traits they consider most desirable for their children, lower-income parents tend to choose traits such as __________.

• A)creativity
• B)ambition
• C)independence
• D)curiosity
• E)obedience

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Definitions:

Contra Account

An account used in the ledger to offset the balance of a related account.

Carrying Amount

The net value of an asset as recorded in the books, which is equal to the asset's original cost minus any accumulated depreciation, amortization, or impairment charges.

Write Off

The reduction of the recognized value of something, often an uncollectable debt or asset.

Accounts Receivable

Amounts due to a company from its customers for goods supplied or services rendered but not yet paid for.